Daily Archives: April 2, 2018

Rs 17,616 crore of Refunds issued under GST : 90% of IGST eligible claims have been approved.

By | April 2, 2018

Ministry of Finance Total Rs 17,616 crore of Refunds issued under GST; 90% of IGST eligible claims have been approved. Posted On: 02 APR 2018 5:34PM by PIB Delhi In line with commitment of government to liquidate all pending GST refunds, the Central Board of Indirect Taxes and Customs (CBIC) has successfully concluded refund fortnight… Read More »

Provisional Direct Tax Collections & Number of Income Tax Returns filed for F.Y. 2017-2018

By | April 2, 2018

Ministry of Finance Provisional Direct Tax Collections and Number of Income Tax Returns filed for F.Y. 2017-2018 Posted On: 02 APR 2018 6:11PM by PIB Delhi The provisional figures of Direct Tax collections for FY 2017-18 show that net collections are at Rs.9.95 lakh crore which is 17.1% higher than the net collections for FY… Read More »

No detention of goods if docs for inter-State transportation of goods weren’t notified by Center Govt

By | April 2, 2018

HIGH COURT OF KERALA Ascics Trading Company v. Assistant State Tax Officer A.K. JAYASANKARAN NAMBIAR, J. WP (C) NO. 31328 OF 2017(M) OCTOBER  4, 2017 K.J. Abraham and Nikhil John for the Petitioner. C.E. Unnikrishnan for the Respondent. JUDGMENT 1. It is brought to my notice by the learned counsel appearing for the petitioner that pursuant to the interim order dated… Read More »

Delay in filing ITR due to not getting NOC from erstwhile auditor condoned : HC

By | April 2, 2018

HIGH COURT OF MADRAS REGEN Powertech (P.) Ltd. v. Central Board of Direct Taxes, New Delhi M. DURAISWAMY, J. W.P. NO. 24273 OF 2016 MARCH  28, 2018 Vijaya Narayanan, Sr. Counsel and R. Sivaraman for the Petitioner. Mrs. Hema Muralikrishnan, Sr. Standing Counselfor the Respondent. ORDER 1. The petitioner has filed the above Writ Petition to issue a writ of… Read More »

Delay in filing ITR to be condoned for HUF if same was allowed to Karta in identical circumstances: HC

By | April 2, 2018

HIGH COURT OF GUJARAT Sahebsingh Bindrasingh Senagar (HUF) v. Chief Commissioner of Income-tax-1 AKIL KURESHI AND B.N. KARIA, JJ. SPECIAL CIVIL APPLICATION NO. 21411 OF 2017 FEBRUARY  21, 2018 Hardik V. Vora, Adv. for the Petitioner. Mrs. Mauna M. Bhatt, Adv. for the Respondent. JUDGMENT   Akil Kureshi, J. – The petitioner has challenged an order dated 1.8.2017 passed by the Chief… Read More »

Regulation of fee payable to insolvency professionals and other process costs under Corporate Insolvency Resolution Process : IBBI invites suggestions

By | April 2, 2018

Ministry of Finance IBBI invites suggestions on regulation of fee payable to insolvency professionals and other process costs under Corporate Insolvency Resolution Process Posted On: 01 APR 2018 8:28PM by PIB Delhi Insolvency and Bankruptcy Board of India (IBBI) released a discussion paper today on regulation of fee payable to insolvency professionals (IPs) and other process costs under Corporate Insolvency… Read More »